Hire-Purchase Agreement - India

Hire-Purchase Agreement for use in India.

File types included

  • Microsoft Word
  • Adobe PDF
  • WordPerfect
  • Rich Text Format

Compatible with

  • Windows
  • Mac OS X
  • Linux

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This kit includes tools and guidelines to assist you in drafting a Hire-Purchase Agreement.

In a hire-purchase agreement, the owner hires goods to the hirer with an option to purchase the goods when he has made the payment of a certain sum. This enables the purchaser who is unable to pay the full price of the asset at one lump sum to acquire an asset and after making the payment of an initial amount called a premium or deposit, the purchaser pays the balance consideration money in instalments. After the payment of all the instalments, the property in the goods passes to the hirer. The hirer has an option to return the goods during the period of hire. In a Hire-Purchase Agreement, the hirer has the right to terminate the agreement for hire for convenience without having to pay the value of the goods.

Among others, this form includes the following key provisions:
  • Delivery of the Equipment
  • Condition of Equipment
  • Payment
  • Maintenance and Loss
  • Indemnity
  • Inspection by Company and Installation
  • Liability and Insurance
This attorney-prepared Hire-Purchase Agreement packet contains:
  1. Description and Instructions for Hire-Purchase Agreement
  2. Hire-Purchase Agreement for use in India
Law Compliance: This form is designed for use in India.
Number of Pages10
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#33476

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